The price of a Russian hot -rolled sheet for the United States is raised by 47%

The United States of America has updated an agreement with the Russian Federation regarding the supply of hot -rolled sheets to the territory of the United States. So, as of November 20, 2012, the Russian side pledged to raise wholesale rental prices for American consumers by 47% to a level of at least $ 600 per ton.

The non -profit representation of Russian manufacturers of the Russian steel metal distribution confirmed the existence of a new agreement and its paraffination by both parties. Since signing the updated text of the agreement, Russian metallurgical companies are required to raise the price from 409 to 601.75 US dollars per ton of hot -rolled sheet, taking into account delivery to the territory of America.

The updated agreement is unlimited, the official ceremony of signing the prepared document should be held no later than November 30, 2012.
On November 17, the US Department of Trade announced to achieve mutual understanding with Russian colleagues on dumping prices for a hot -rolled sheet from Russia. However, specific results of negotiations have become known only today.

Representatives of the Russian Steel association believe that in the new agreement for Russian business there is only one positive side: “It is positive that the threat of a complete rupture of the agreement has been removed,” the association said.

Today, the United States bowed Russia to sign two similar agreements signed as part of an anti -dumping investigation. The first agreement applies to a cold -rolled sheet, and the second to a hot roller. These agreements are to replace the introduction of anti -dumping duties in relation to Russian metal rolling and, in the case of termination of the United States, is entitled to apply the practice of the usual trading regime and continue the suspended anti -dumping investigation.

“Even 602 dollars per ton below the market price of the US steel market,” says analyst Yuri Volov, ““ You can currently work as part of a signed agreement, but given the continuing decline in world prices for steel products, you can expect problems with a hot -rolled sheet in the United States. But subject to maintaining current market prices in America, we can talk about positive. ”

“Current Russian prices for such products are at $ 580, 520 dollars export offers,” says analyst Valentina Bogomolova, - “The objective price of a hot -rolled sheet in the American market is $ 670 per ton. The United States today show, rather, a small tendency to growth than to further decline. ”

Russian-American agreements were first signed in June 1999. According to the main provisions of existing agreements, the supply of Russian metal rolling in the United States is subject to strict